![[Flushing Real Estate, listing number 7352899]](https://www.vlshomes.com/images/full/7352899a.jpg)
| Description: 7352899 | |
| An exceptional development opportunity featuring two adjacent lots totaling approximately 16,000 square feet, ideally situated in the highly desirable heart of Downtown Flushing. The property consists of two separate lots: one with an existing ranch-style home and the other consisting of vacant land. Plan A â?? Multifamily Residential Development: Potential to develop five separate three-family residential buildings, each with a proposed building footprint of approximately 20'' x 70''. Plan B â?? Mixed-Use Development: Potential to develop a community facility combined with parking and residential use, offering up to approximately 24,000 buildable square feet, subject to applicable zoning regulations and approvals. Conveniently located near shopping centers, restaurants, supermarkets, public transportation, and other neighborhood amenities. All information, including but not limited to property taxes, lot dimensions, zoning, floor area ratio (FAR), permitted uses, buildable square footage, and development potential, is provided for informational purposes only and is not guaranteed and should be independently verified by the purchaser. | |
Details: |
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| Property Type: | Ranch | |
| Square Feet: | 1160 | |
| Acres: | 0.38 | |
| Built: | 1920 | |
| School District: | Queens 25 | |
Financials: |
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| Price: | $5,599,000 | |
| Taxes: | $16,955 | |
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